Braintree Park Part of Direct Invest TIC Investment Dispute, Allegedly
Did you invest invest in TIC investments sponsored by Direct Invest? Do you believe you lost money as a result? If so, please contact the Peiffer Rosca Wolf law firm’s securities practice lawyers for a free evaluation of your recovery options. Several investors have reportedly suffered losses on purchases in Tenant in Common (TIC) investments sponsored by Direct Invest, a company headquartered in Boston, Massachusetts. Direct Invest real estate deals, also known as 1031 exchanges, were sold nationwide from 2006-2008, and Direct Invest allegedly sponsored a number of deals, including Direct Invest Braintree Park, of Braintree, Massachusetts. Several investors were reportedly convinced to buy these investments based upon misrepresentations and omissions by the selling broker as to the actual nature of the risks, and without sufficient explanation of the illiquid nature of the investment. TIC investments typically generated very high commissions for the broker and his firm, allegedly. A Tenant in Common investment is a real estate investment where multiple parties share ownership of property. The deals sponsored by Direct Invest reportedly include Class A/B warehouse, Class A and B office space, and industrial properties.
Investment Fraud Lawyers Investigating
The good news is that losses on Direct Invest TIC investments may be recoverable. The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.